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Banks offer relief for flood-hit Victorians

Several lenders, including the major banks, have announced relief measures for Victorian borrowers impacted by the floods.

Banks offer relief for flood-hit Victorians
Big four release Vic flood relief measures

The major banks have announced emergency assistance support and disaster relief packages for customers impacted by floods in Victoria.

Big four release Vic flood relief measures
Cash rate to rise to 0.5% by end-2023: ANZ

The major bank has forecast an RBA tightening in two steps in H2 2023 to take the official cash rate to 0.5 per cent by the end of 2023.

Cash rate to rise to 0.5% by end-2023: ANZ
SA owner-occupied lending hits high

Lending for new South Australian owner-occupier loans is at the highest level since ABS records began in 2003, with a consumer advocate warning of a pending “perfect storm” for borrowers

SA owner-occupied lending hits high
Non-major lender adopts digital signatures

ME Bank has this week begun accepting digital signatures on mortgage documents and removed the requirement for brokers to send a confirmation email.

Non-major lender adopts digital signatures
WA investor loans hit 5-year peak

The value of housing loans to investors in Western Australia reached $452 million in April, the highest monthly commitment in the past five years, but a new report has forecast the segment ...

WA investor loans hit 5-year peak
Westpac Group lifts fixed rates

Westpac Group has announced hikes to its two- and three-year fixed interest rates for owner-occupier loans, adding that the decision “has not been taken lightly”.

Westpac Group lifts fixed rates
BNK Bank appoints non-executive director

The non-major bank has appointed a banking, technology, and telecommunications executive as a non-executive director, effective 17 June.

BNK Bank appoints non-executive director
Big 4 offer Vic lockdown support measures

The major banks have announced support measures aimed at customers in Victoria who have been affected by the latest COVID-19 lockdown.

Big 4 offer Vic lockdown support measures
Volt to power credit decisioning for AFG Securities

The neobank has entered into a strategic alliance with aggregation group AFG, which will see the fintech deliver its digital banking services and tech platform to help power AFG Securities’ ...

Volt to power credit decisioning for AFG Securities
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